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Gold was set to post its biggest weekly decline in six weeks on Friday. For More Information Visit
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     Spot gold was little changed at $1,278.70 an ounce by 0318 GMT.

      Gold is sensitive to interest rates as rising rates lift the opportunity cost of holding non-yielding bullion.

       Among other precious metals, silver was poised for a near 3 percent weekly loss, after four weeks of gains. Platinum  was down 1 percent, snapping a five-week winning streak, while palladium was set to post a 4 percent loss for the week.

                 PRICES AT 0318 GMT   

         Metal                     Last        Change           Pct chg

        Spot gold               1278.7      1.04               0.08

        Spot silver             17.29      -0.036             -0.21

        Spot platinum       1062.3      4.56             0.43

        Spot palladium      600.5        3.45           0.58

       Comex gold           1280.9          8.6          0.68

       Comex silver          17.38          0.053         0.31

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Gold nursed losses on Wednesday, holding below a 15-month high as the dollar firmed after two Federal Reserve officials talked up US interest rate hikes this year.

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Spot gold was little changed at USD 1,285.19 an ounce by 0033 GMT, after dropping 0.4 percent in the previous session.

 
Gold prices have gained 21 percent since the start of the year on the outlook that the Fed has slowed its expected pace of rate increases. 

Bullion is sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding bullion.

 
Bullion is sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.

          PRICES AT 0029 GMT

 Metal                   Last                  Change          Pct chg

                                            

 Spot gold           1292.9               -0.46               -0.04

 Spot silver          17.78                 -0.04                -0.22

 Spot platinum      1071.99           -2.51               -0.23

 Spot palladium      622.47          -2.03               -0.33

 Comex gold          1295.4            4.9                   0.38

 Comex silver        17.845            0.026             0.15

                                            

 COMEX gold and silver contracts show the most active months.

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MCX Commodity News; Gold Jumped Peak

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Gold dips slightly after hitting 3-wk top on profit-taking.

            Gold jumped to a three-week peak on Tuesday on expectations the Federal Reserve will not raise US interest rates soon and as the dollar traded close to its lowest in nearly eight months.

            Spot gold rose to USD 1,259.66 an ounce early on Tuesday, its highest since March 18. However, it pared gains to trade down 0.2 percent at USD 1,254.70 an ounce by 0036 GMT, on profit-taking following a 1.4-percent overnight gain.

US gold futures also climbed to a three-week top of USD 1,261.90.

             Gold has also been buoyed by safe-haven demand.

             Asian stocks made a subdued start on Tuesday, with Japanese shares dipping on a bullish yen.

             In the physical markets, more than half of Indian jewellers reopened their shops on Monday after keeping them closed for nearly six weeks in protest over the reintroduction of excise duty on gold jewellery.

                Oil prices dipped in early Asian trade on Tuesday, but both US and international crude futures held above USD40 per barrel ahead of a meeting of major producers to discuss freezing output levels to rein in ballooning oversupply. US West Texas Intermediate (WTI) crude futures were trading at USD40.27 per barrel at 0059 GMT, down 9 cents from their last settlement.